Ryan Giggs rejects Middlesbrough and Sunderland links as he insists he is in 'no rush' to become a manager

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Ryan Giggs has played down reports that he is set for a return to the dugout after being linked to a number of management roles.

The former Manchester United assistant emerged as the heavy favourite with some bookmakers to take over at Sunderland following the departure of David Moyes, and has also been linked with the Middlesbrough job in recent weeks.

However Giggs has insisted he has had no contact with either club, telling Sky Sports News: 'I'm not too aware of it. Unless anyone has approached me, then it's not true.

Ryan Giggs says he has not been contacted by Sunderland or Middlesbrough

Giggs was speaking at an event sponsored by Mastercard on Friday in Cardiff

Giggs is the second favourite with the bookmakers to take charge at the relegated Black Cats

'As a player and a person who has been in football for so long, that's all they are, rumours. If I did speak to someone, I would keep it between myself and the club.'

Giggs, who served as caretaker manager at Old Trafford following Moyes' spell in Manchester before taking up a No 2 role under Louis van Gaal, has made no secret of his desire to take on a permanent role in the past but admits he is enjoying life out of the spotlight.

'I have 25 years or so as a player then towards the end as a coach and I've had a year off,' he said.

Giggs had a spell as Louis van Gaal's assistant at Manchester United before leaving last year

'For the first time in 25 years, where I've had a year off, got the chance to do different things and I've enjoyed it.

'But I've always said I want to eventually become a manager or coach but I am in no rush. It is all about picking the right team and the right club.'